"Once this is completed, the Company’s auditors will need to review all of the contracts linked to the funding agreement to determine if they have a material impact on the Company’s accounts."
I can understand the need for that going forward but what does it have to with the financials July to December 2012 ?
Could be WEG reckon the $24m received in the December quarter might be 50% theirs - Not being able to finalise the accounts is a worry given the financials for the half year have been released to the market in the Sept and December 1/4trs.
Is it possible a reversal journal entry may mean they traded " technically insolvent " for audit purposes for a period of time. ?
As the weeks roll into months the uncertainty of any deal or financing actually being completed increases significantly
hOOt
PLV Price at posting:
20.7¢ Sentiment: None Disclosure: Not Held